Multiple Choice
Pork from pigs can be used to produce bacon or sausage, but NOT both. If the price of bacon rises for some reason (ceteris paribus) , which of the following will result?
A) The price of sausage will rise.
B) The price of sausage will fall.
C) The resources used to raise pigs will become less expensive.
D) The demand for bacon will decrease.
Correct Answer:
Verified
Correct Answer:
Verified
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